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Otis Worldwide Change In Receivables

: $-92 Mil (TTM As of Sep. 2020)
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Otis Worldwide's change in receivables for the quarter that ended in Sep. 2020 was $-20 Mil. It means Otis Worldwide's Accounts Receivable declined by $20 Mil from Jun. 2020 to Sep. 2020 .

Otis Worldwide's change in receivables for the fiscal year that ended in Dec. 2019 was $-166 Mil. It means Otis Worldwide's Accounts Receivable declined by $166 Mil from Dec. 2018 to Dec. 2019 .

Otis Worldwide's Accounts Receivable for the quarter that ended in Sep. 2020 was $2,901 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Otis Worldwide's Days Sales Outstanding for the three months ended in Sep. 2020 was 81.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Otis Worldwide's liquidation value for the three months ended in Sep. 2020 was $-9,712 Mil.

Otis Worldwide Change In Receivables Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Otis Worldwide Annual Data
Dec17 Dec18 Dec19
Change In Receivables -13.00 -354.00 -166.00

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only -59.00 -13.00 -116.00 57.00 -20.00

Otis Worldwide Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2020 was -13 (Dec. 2019 ) + -116 (Mar. 2020 ) + 57 (Jun. 2020 ) + -20 (Sep. 2020 ) = $-92 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Otis Worldwide  (NYSE:OTIS) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Otis Worldwide's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2901/3268*91
=81.00

2. In Ben Graham's calculation of liquidation value, Otis Worldwide's accounts receivable are only considered to be worth 75% of book value:

Otis Worldwide's liquidation value for the quarter that ended in Sep. 2020 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1733-13954+0.75 * 2901+0.5 * 667
=-9,712

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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